Fibrus, the leading broadband provider in Northern Ireland and Northern England, has marked a significant achievement by connecting more than 50,000 customers. The company has rapidly expanded its network coverage, reaching 300,000 homes, with 273,000 now ready to access full-fibre broadband. Fibrus attributes its impressive growth to the strong momentum and growing confidence in its brand.
Total Home Wi-Fi Solution Enhances Customer Experience
In a bid to enhance the customer experience, Fibrus has introduced the Total Home Wi-Fi product in partnership with eero, an Amazon-owned company. This innovative solution ensures seamless Wi-Fi coverage in every corner of customers’ homes, along with guaranteed speeds and price stability throughout the contract period.
Rapid Network Deployment Accelerates Customer Penetration
Fibrus’ speedy network deployment has played a pivotal role in its growth, exemplified by its swift connection of the first homes in the UK’s Project Gigabit procurement in Cumbria. In just one month after the launch, customer penetration exceeded 20 percent, showcasing the company’s efficiency in delivering high-quality broadband services.
Additional Equity Funding for Expansion
To further fuel its expansion and meet the growing demand for full-fibre broadband, Fibrus has secured an additional GBP 35 million in equity funding from its shareholder, Infracapital. This investment complements the existing GBP 220 million loan facility and over GBP 300 million in government funding, totaling GBP 150 million in equity funding.
Future Growth and “Road to One Million” Strategy
Fibrus maintains a forward-looking approach, with plans to raise additional equity and debt as part of its ambitious “road to one million” strategy. This strategy aims to solidify Fibrus’ position as a leader in delivering high-speed broadband to rural and regional areas, with a goal of reaching one million customers. Further Project Gigabit contracts are also on the horizon to drive network expansion and extend the company’s outreach.
Fibrus’ remarkable achievement of surpassing 50,000 customers underscores its commitment to bridging the digital divide and providing top-tier broadband services to communities across Northern Ireland and Northern England.
